**Registered number: 07347775 Charity number: 1143340** ## **THE CENTRAL NORWICH HOCKEY CONSORTIUM LIMITED** **(A company limited by guarantee)** ## **UNAUDITED** **TRUSTEES' REPORT AND FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 JULY 2021** ## **THE CENTRAL NORWICH HOCKEY CONSORTIUM LIMITED** ## **(A company limited by guarantee)** ## **CONTENTS** ||Page| |---|---| |**Reference and administrative details of the Company, its Trustees and advisers**|1| |**Trustees' report**|2 - 4| |**Independent examiner's report**|5| |**Statement of financial activities**|6| |**Balance sheet**|7 - 8| |**Notes to the financial statements**|9 - 19| ## **THE CENTRAL NORWICH HOCKEY CONSORTIUM LIMITED** **(A company limited by guarantee)** ## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 JULY 2021** ## **Trustees** M Hardy P Andrews M Graham ## **Company registered number** 07347775 ## **Charity registered number** 1143340 ## **Registered office** 14 Ipswich Road, Norwich, Norfolk, NR2 2LR ## **Accountants** Larking Gowen LLP, King Street House, 15 Upper King Street, Norwich, NR3 1RB Page 1 ## **THE CENTRAL NORWICH HOCKEY CONSORTIUM LIMITED** ## **(A company limited by guarantee)** ## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 JULY 2021** The Trustees present their annual report together with the financial statements of the Company for the year 1 August 2020 to 31 July 2021. The annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019). Since the Company qualifies as small under section 382 of the Companies Act 2006, the strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted. ## **Objectives and activities** ## **a. Policies and objectives** The Charity's objective is the promotion of community participation in healthy recreation and in particular, but not exclusively, by the provision of facilities for the playing of hockey. In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'. ## **b. Activities undertaken to achieve objectives** During the period under review the facility was used by local schools, clubs and other community organisations as part of healthy recreation and sporting activity for public benefit. ## **Achievements and performance** ## **a. Review of activities** The period under review reflects the ninth full year of the facility. Due to the Covid-19 lockdown, income was not sufficient to provide the projected sinking fund, however the shortfall was not considered significant enough to prevent the facility being maintained to the current first class condition. In 2010 the Consortium leased a parcel of land (part of the Hewett School site) from the Central Norwich Foundation Trust and gained planning permission for two hockey pitches. The first pitch was opened in June 2011. In December 2014 the Consortium agreed to sub-let part of the land to the Girls' Day School Trust (GDST) in order for them to build a pitch for the Norwich High School for Girls (NHSG) using the planning permission already in place. Whilst not members of the Consortium, GDST and NHSG agreed to certain conditions as part of the arrangement, the principal conditions being: - primarily through Norwich Dragons Hockey Club, to allow community use of the pitch in the evenings and at weekends - to ensure the Consortium pitch was booked by outside users, if it was available, before the High School pitch - to provide financial, planning and project management resources to support the construction of a pavilion at the site, this specific offer was officially withdrawn by GDST in November 2018 The second pitch was completed in June 2015. In September 2015 The Hewett School became an academy (The Hewett Academy) sponsored by the Inspiration Trust, however, this will not affect the Consortium's lease and a close working relationship remains Page 2 ## **THE CENTRAL NORWICH HOCKEY CONSORTIUM LIMITED (A company limited by guarantee)** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2021** ## **Achievements and performance (continued)** with The Hewett Academy. Mr P Andrews, former governor of The Hewett School, was asked to remain as a Trustee and Director of the Consortium by his fellow Trustees. ## **Financial review** ## **a. Going concern** After making appropriate enquiries, including taking into account the current COVID-19 crisis, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. With the removal of Covid-19 lockdowns, the Trustees are expecting to see a return to regular income and expenses for the year 2021-2022. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. ## **b. Reserves policy** As at 31 July 2021, total funds held amounted to £433,299 (2020: £423,620). Included in this amount was £190,395 (2020: £195,258) of restricted funds representing capital grants received in contribution towards the facilities. Remaining free reserves to be used to fund the Charity's activities and ongoing governance amounted to £242,604 (2020: £228,362). The Trustees maintain free reserves at such a level to cover operational expenditure for a minimum period of 12 months. Unrestricted reserves at the year end are therefore sufficient to meet this policy. ## **Structure, governance and management** ## **a. Constitution** The Company was incorporated as a private company limited by guarantee on 17 August 2010. The Company's articles of association were amended on 04 August 2011 and was registered by the Charity Commission on 15 August 2011, with registered charity number 1143340. ## **b. Methods of appointment or election of Trustees** The management of the Company is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed. ## **c. Organisational structure and decision-making policies** All decision making and responsibility for overseeing day-to-day activities is the responsibility of the Trustees. ## **d. Policies adopted for the induction and training of Trustees** All Trustees receive copies of the Company's articles and are provided with access to Charity Commission guidance as part of initial induction and continuing training. Page 3 ## **THE CENTRAL NORWICH HOCKEY CONSORTIUM LIMITED (A company limited by guarantee)** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2021** ## **Plans for future periods** Future periods will reflect income generated from use of the facilities by local schools, clubs and community groups. In addition, certain free of charge and reduced rate usage will again be arranged for local community groups and England Hockey Single System use as per the Community Use Agreement. The Consortium intends to continue a relationship with the Inspiration Trust to encourage more use of the facility by the Hewett Academy. ## **Statement of Trustees' responsibilities** The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles of the Charities SORP (FRS 102); - make judgments and accounting estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees and signed on their behalf by: **----- Start of picture text -----**
................................................ ................................................
M Hardy P Andrews
(Trustee) (Trustee)
Date: 2 February 2022
**----- End of picture text -----**
Page 4 **THE CENTRAL NORWICH HOCKEY CONSORTIUM LIMITED (A company limited by guarantee)** ## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 JULY 2021** ## **Independent examiner's report to the Trustees of The Central Norwich Hockey Consortium Limited ('the Company')** I report to the charity Trustees on my examination of the accounts of the Company for the year ended 31 July 2021. ## **Responsibilities and basis of report** As the Trustees of the Company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)]. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. This report is made solely to the Company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Company's Trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Company and the Company's Trustees as a body, for my work or for this report. Signed: Dated: `9 February 2022` Julie Grimmer FCA DChA Larking Gowen LLP, Chartered Accountants, Norwich Page 5 ## **THE CENTRAL NORWICH HOCKEY CONSORTIUM LIMITED** ## **(A company limited by guarantee)** ## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 JULY 2021** |**Note**
**Income from:**
Donations and legacies
2
Charitable activities
3
Investments
4
**Total income**
**Expenditure on:**
Charitable activities
**Total expenditure**
**Net income/(expenditure)**
Transfers between funds
12
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2021**
**£**
**25,000**
**25,785**
**9**
**50,794**
**16,252**
**16,252**
**34,542**
**(20,000)**
**14,542**
**228,362**
**14,542**
**242,904**|**Restricted**
**funds**
**2021**
**£**
**-**
**-**
**-**
**-**
**24,863**
**24,863**
**(24,863)**
**20,000**
**(4,863)**
**195,258**
**(4,863)**
**190,395**|**Total**
**funds**
**2021**
**£**
**25,000**
**25,785**
**9**
**50,794**
**41,115**
**41,115**
**9,679**
**-**
**9,679**
**423,620**
**9,679**
**433,299**|_Total_
_funds_
_2020_
_£_
_25,000_
_26,764_
_254_| |---|---|---|---|---| |||||_52,018_| |||||_36,753_| |||||_36,753_| |||||_15,265_
_-_| |||||_15,265_| |||||_408,355_
_15,265_| |||||_423,620_| The Statement of financial activities includes all gains and losses recognised in the year. The notes on pages 9 to 19 form part of these financial statements. Page 6 ## **THE CENTRAL NORWICH HOCKEY CONSORTIUM LIMITED (A company limited by guarantee) REGISTERED NUMBER: 07347775** ## **BALANCE SHEET AS AT 31 JULY 2021** |**Note**
**Fixed assets**
Tangible assets
8
**Current assets**
Debtors
9
Cash at bank and in hand
Creditors: amounts falling due within one
year
10
**Net current assets**
**Total assets less current liabilities**
Creditors: amounts falling due after more
than one year
11
**Net assets excluding pension asset**
**Total net assets**|**12,632**
**151,478**
**164,110**
**(26,952)**|**2021**
**£**
**396,141**
**396,141**
**137,158**
**533,299**
**(100,000)**
**433,299**
**433,299**|_6,718_
_145,499_
_152,217_
_(26,600)_|_2020_
_£_
_423,003_
_423,003_
_125,617_
_548,620_
_(125,000)_
_423,620_
_423,620_| |---|---|---|---|---| Page 7 ## **THE CENTRAL NORWICH HOCKEY CONSORTIUM LIMITED (A company limited by guarantee) REGISTERED NUMBER: 07347775** ## **BALANCE SHEET (CONTINUED) AS AT 31 JULY 2021** |**Note**
**Charity funds**
Restricted funds
12
Unrestricted funds
12
**Total funds**|**2021**
**£**
**190,395**
**242,904**
**433,299**|_2020_
_£_
_195,258_
_228,362_| |---|---|---| |||| |||_423,620_| The Company was entitled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006. The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime. The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by: ................................................ ................................................ **M Hardy P Andrews** (Trustee) (Trustee) Date: 2 February 2022 The notes on pages 9 to 19 form part of these financial statements. Page 8 **THE CENTRAL NORWICH HOCKEY CONSORTIUM LIMITED (A company limited by guarantee)** **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021** ## **1. Accounting policies** ## **1.1 Basis of preparation of financial statements** The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The Central Norwich Hockey Consortium Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. ## **1.2 Going concern** After making appropriate enquiries, including taking into account the current COVID-19 crisis, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. With the removal of Covid-19 lockdowns, the Trustees are expecting to see a return to regular income and expenses for the year 2021-2022. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. ## **1.3 Company status** The Company is a company limited by guarantee. The members of the Company are the Trustees named on page 1. In the event of the Company being wound up, the liability in respect of the guarantee is limited to £1 per member of the Company. ## **1.4 Income** All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable. The capital contributions made by Town Close Educational Trust Limited represent a programme related investment by that charity and is reflected as deferred income. This sum is to be converted to a grant by Town Close Educational Trust Limited over the life of the facilities. ## **1.5 Expenditure** Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs. Page 9 **THE CENTRAL NORWICH HOCKEY CONSORTIUM LIMITED** **(A company limited by guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021** ## **1. Accounting policies (continued)** ## **1.5 Expenditure (continued)** Governance costs are those incurred in connection with administration of the Company and compliance with constitutional and statutory requirements. All expenditure is inclusive of irrecoverable VAT. ## **1.6 Interest receivable** Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited. ## **1.7 Tangible fixed assets and depreciation** Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, . Depreciation is provided on the following bases: - Hockey pitch 12 to 60 years - Plant and machinery 10 years ## **1.8 Debtors** Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. ## **1.9 Cash at bank and in hand** Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. ## **1.10 Liabilities and provisions** Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. ## **1.11 Financial instruments** The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. Page 10 ## **THE CENTRAL NORWICH HOCKEY CONSORTIUM LIMITED** ## **(A company limited by guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021** ## **1. Accounting policies (continued)** ## **1.12 Fund accounting** General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Investment income, gains and losses are allocated to the appropriate fund. ## **2. Income from donations** |**Unrestricted**
**funds**
**2021**
**£**
Grants
25,000
_Unrestricted_
_funds_
_2020_
_£_
Grants
_25,000_|**Total**
**funds**
**2021**
**£**
**25,000**| |---|---| ||_Total_
_funds_
_2020_
_£_
_25,000_| ## **3. Income from charitable activities** |**Unrestricted**
**funds**
**2021**
**£**
Hockey pitch rent
17,326
Other income
8,459
25,785|**Total**
**funds**
**2021**
**£**
**17,326**
**8,459**| |---|---| ||**25,785**| Page 11 ## **THE CENTRAL NORWICH HOCKEY CONSORTIUM LIMITED** ## **(A company limited by guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021** ## **3. Income from charitable activities (continued)** |Hockey pitch rent
Other income|_Unrestricted_
_funds_
_2020_
_£_
_20,468_
_6,296_
_26,764_|_Total_
_funds_
_2020_
_£_
_20,468_
_6,296_| |---|---|---| |||_26,764_| ## **4. Investment income** |**Unrestricted**
**funds**
**2021**
**£**
Bank interest received
9
_Unrestricted_
_funds_
_2020_
_£_
Bank interest received
_254_|**Total**
**funds**
**2021**
**£**
**9**| |---|---| ||_Total_
_funds_
_2020_
_£_
_254_| ## **5. Analysis of expenditure by activities** ||**Activities**||| |---|---|---|---| ||**undertaken**|**Support**|**Total**| ||**directly**|**costs**|**funds**| ||**2021**|**2021**|**2021**| ||**£**|**£**|**£**| |Charitable activities|39,313|1,802|**41,115**| Page 12 ## **THE CENTRAL NORWICH HOCKEY CONSORTIUM LIMITED** ## **(A company limited by guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021** ## **5. Analysis of expenditure by activities (continued)** |Charitable activities
**Analysis of direct costs**|_Activities_
_undertaken_
_directly_
_2020_
_£_
_35,625_|_Support_
_costs_
_2020_
_£_
_1,128_|_Total_
_funds_
_2020_
_£_
_36,753_| |---|---|---|---| ||||| |Premises expenses
Insurance
Bank charges
Electricity
Hockey pitch depreciation
Machinery depreciation
Repairs and maintenance|**Activities**
**2021**
**£**
6,034
1,035
260
4,756
24,863
1,999
366
39,313|**Total**
**funds**
**2021**
**£**
**6,034**
**1,035**
**260**
**4,756**
**24,863**
**1,999**
**366**| |---|---|---| |||**39,313**| Page 13 **(A company limited by guarantee)** ## **THE CENTRAL NORWICH HOCKEY CONSORTIUM LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021** ## **5. Analysis of expenditure by activities (continued)** ## **Analysis of direct costs (continued)** |IT expenses
Premises expenses
Insurance
Bank charges
Electricity
Bad debt expense
Hockey pitch depreciation
Machinery depreciation
Repairs and maintenance
**Independent examiner's remuneration**
Fees payable to the Company's independent examiner for the independent
examination of the Company's annual accounts|_Activities_
_2020_
_£_
_183_
_2,266_
_891_
_396_
_4,643_
_35_
_24,863_
_1,999_
_349_
_35,625_
**2021**
**£**
**1,422**|_Total_
_funds_
_2020_
_£_
_183_
_2,266_
_891_
_396_
_4,643_
_35_
_24,863_
_1,999_
_349_| |---|---|---| |||_35,625_| |||_2020_
_£_
_1,000_| ## **6. Independent examiner's remuneration** ## **7. Trustees' remuneration and expenses** During the year, no Trustees received any remuneration or other benefits _(2020 - £NIL)_ . During the year ended 31 July 2021, no Trustee expenses have been incurred _(2020 - £NIL)_ . Page 14 ## **THE CENTRAL NORWICH HOCKEY CONSORTIUM LIMITED** ## **(A company limited by guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021** ## **8. Tangible fixed assets** |**Cost or valuation**
At 1 August 2020
At 31 July 2021
**Depreciation**
At 1 August 2020
Charge for the year
At 31 July 2021
**Net book value**
At 31 July 2021
_At 31 July 2020_
**9.**
**Debtors**
**Due within one year**
Other debtors
Prepayments and accrued income|**Leasehold**
**property**
**£**
**638,204**
**638,204**
**222,470**
**24,863**
**247,333**
**390,871**
_415,734_||**Plant and**
**machinery**
**£**
**19,992**
**19,992**
**12,723**
**1,999**
**14,722**
**5,270**
_7,269_
**2021**
**£**
**700**
**11,932**
**12,632**|**Total**
**£**
**658,196**| |---|---|---|---|---| |||||**658,196**| |||||**235,193**
**26,862**| |||||**262,055**| |||||**396,141**| |||||_423,003_| |||||_2020_
_£_
_6,244_
_474_
_6,718_| Page 15 ## **THE CENTRAL NORWICH HOCKEY CONSORTIUM LIMITED** ## **(A company limited by guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021** ## **10. Creditors: Amounts falling due within one year** |Trade creditors
Accruals and deferred income|**2021**
**£**
**-**
**26,952**
**26,952**|_2020_
_£_
_600_
_26,000_| |---|---|---| |||| |||_26,600_| ## **11. Creditors: Amounts falling due after more than one year** ||**2021**|_2020_| |---|---|---| ||**£**|_£_| |Accruals and deferred income|**100,000**|_125,000_| Deferred income at 31 July 2021 of £125,000 (2020: £150,000) consists of the capital contribution by Town Close Educational Trust Limited towards the construction of the hockey facilities. This sum is to be converted to a grant to be recognised as income of the Charity over the expected useful life of the facilities. Page 16 ## **THE CENTRAL NORWICH HOCKEY CONSORTIUM LIMITED** ## **(A company limited by guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021** ## **12. Statement of funds** ## **Statement of funds - current year** |**Balance at 1**
**August**
**2020**
**£**
**Unrestricted funds**
General Funds
**228,362**
**Restricted funds**
Other Restricted Funds -
Hockey Facilities
**11,933**
England Hockey Board
**15,815**
National Hockey Federation
**7,510**
Asset Replenishment Sinking
Fund
**160,000**
**195,258**
**Total of funds**
**423,620**|**Income**
**£**
**Expenditure**
**£**
**50,794**
**(16,252)**
**-**
**(7,956)**
**-**
**(12,183)**
**-**
**(4,724)**
**-**
**-**
**-**
**(24,863)**
**50,794**
**(41,115)**|**Transfers**
**in/out**
**£**
**Balance at**
**31 July 2021**
**£**
**(20,000)**
**242,904**
**-**
**3,977**
**-**
**3,632**
**-**
**2,786**
**20,000**
**180,000**
**20,000**
**190,395**
**-**
**433,299**|**Transfers**
**in/out**
**£**
**Balance at**
**31 July 2021**
**£**
**(20,000)**
**242,904**
**-**
**3,977**
**-**
**3,632**
**-**
**2,786**
**20,000**
**180,000**
**20,000**
**190,395**
**-**
**433,299**| |---|---|---|---| ||||**3,977**
**3,632**
**2,786**
**180,000**| ||||**190,395**| ||||**433,299**| Restricted funds represent capital grants received for the construction of the hockey facilities. Page 17 ## **THE CENTRAL NORWICH HOCKEY CONSORTIUM LIMITED** ## **(A company limited by guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021** ## **12. Statement of funds (continued)** |**Statement of funds - prior year**
_Balance at_
_1 August_
_2019_
_£_
**Unrestricted funds**
General Funds
_208,234_
**Restricted funds**
Other Restricted Funds -
Hockey Facilities
_19,889_
England Hockey Board
_27,998_
National Hockey Federation
_12,234_
Asset Replenishment Sinking
Fund
_140,000_
_200,121_
**Total of funds**
_408,355_|_Income_
_£_
_52,018_
_-_
_-_
_-_
_-_
_-_
_-_|_Expenditure_
_£_
_(11,890)_
_(7,956)_
_(12,183)_
_(4,724)_
_-_
_(24,863)_
_(36,753)_|_Transfers_
_in/out_
_£_
_(20,000)_
_-_
_-_
_-_
_20,000_
_20,000_
_-_|_Balance at_
_31 July 2020_
_£_
_228,362_
_11,933_
_15,815_
_7,510_
_160,000_
_195,258_
_423,620_| |---|---|---|---|---| |**Unrestricted funds**
General Funds
**Restricted funds**
Other Restricted Funds -
Hockey Facilities
England Hockey Board
National Hockey Federation
Asset Replenishment Sinking
Fund
**Total of funds**||||| ## **13. Analysis of net assets between funds Analysis of net assets between funds - current year** |**Unrestricted**
**funds**
**2021**
**£**
Tangible fixed assets
80,746
Current assets
164,110
Creditors due within one year
(1,952)
Creditors due in more than one year
-
**Total**
242,904|**Restricted**
**funds**
**2021**
**£**
315,395
-
(25,000)
(100,000)
190,395|**Total**
**funds**
**2021**
**£**
**396,141**
**164,110**
**(26,952)**
**(100,000)**
**433,299**| |---|---|---| Page 18 **(A company limited by guarantee)** ## **THE CENTRAL NORWICH HOCKEY CONSORTIUM LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021** ## **13. Analysis of net assets between funds (continued)** ## **Analysis of net assets between funds - prior year** |Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
**Total**|_Unrestricted_
_funds_
_2020_
_£_
_77,745_
_152,217_
_(1,600)_
_-_
_228,362_|_Restricted_
_funds_
_2020_
_£_
_345,258_
_-_
_(25,000)_
_(125,000)_
_195,258_|_Total_
_funds_
_2020_
_£_
_423,003_
_152,217_
_(26,600)_
_(125,000)_
_423,620_| |---|---|---|---| ## **14. Related party transactions** M Graham is a trustee of Town Close Educational Trust Limited. The funding received from Town Close Educational Trust Limited is recognised as deferred income as this is to be converted to grant income over the expected life of the facilities. A grant of £25,000 (2020: £25,000) was confirmed by Town Close Educational Trust Limited in the year. Details of these are included in note 12. Town Close Educational Trust Limited is a member of the consortium and has been invoiced pitch fees of £7,088 (2020: £6,150) during the year. Town Close Educational Trust Limited has provided staff and maintenance services to the Consortium during the year at a cost of £2,395 (2020: £2,265). At the year end £1,450 was owed to Town Close Educational Trust Limited (2020: £Nil). Page 19